Vertiv Subsidiaries Enter Definitive Agreement To Acquire All Of The Shares Of CoolTera Ltd.; No Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
Vertiv subsidiaries have entered into a definitive agreement to acquire all shares of UK-based CoolTera Ltd., which specializes in liquid cooling infrastructure solutions for data centers. The terms of the acquisition have not been disclosed, and the deal is expected to close in the fourth quarter of 2023.
December 04, 2023 | 11:07 am
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Vertiv's acquisition of CoolTera Ltd. could enhance its product offerings in the data center cooling solutions market, potentially leading to increased market share and revenue growth.
The acquisition of CoolTera by Vertiv subsidiaries is likely to have a positive impact on VRT's stock in the short term. The deal could expand Vertiv's product line and market presence in the data center cooling sector, which is increasingly important as data centers grow in size and complexity. While the financial terms have not been disclosed, the strategic fit suggests potential for revenue growth and operational synergies. However, the actual impact will depend on the integration success and market reception of the combined offerings.
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